UK inflation rate

The UK's rate of inflation for the year to August, measured by the consumer prices index (CPI), fell by 0.1% to 2.7% from the figure of 2.8% in July.

Despite the fall, the prices of goods and services continue to outstrip wages which saw an average growth of 1% for the same period.

The largest contributions to the fall in the rate came from the transport (particularly motor...